Looking to get started in rental properties.

However, this method often fails because it doesn't account for operating costs.

This may seem like a naive/juvenile question to someone of experience, and I'm new so here it goes.What positive/negative sides are there to having a lender who isn't local to the area I'm looking to purchase?

FYI, obviously I get MUCH more detailed than this example.

The points up front might be a little high, but if you have some equity there you could refinance into it and wrap the costs in. 

I’m open to networking and look forward to making new connections here.

So you'll have to find agents who knows how this works.

I'm excited to be a part of this community and would love to connect with others in the CT area.

Here are some hopefully helpful tips and a few questions. 

I was looking to rent out my current home and purchase a new property out of state.